Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$248,304$248,304$323,730
Remaining term (yrs)29.329.330.0
Secondary amount$0$75,426$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.290%7.560%
1st payment$1,534.42$1,534.42$2,223.80
2nd payment$0.00$565.70$0.00
Taxes / mo$191.92$191.92$191.92
Insurance / mo$150.00$150.00$150.00
MI / mo$114.58$114.58$64.75
HOA / mo$0.00$0.00$0.00
Total monthly$1,990.92$2,556.62$2,630.46
Cash to close$111,396$35,970$35,970